Chinese stocks received a double boost Monday after the central bank signaled it could ease its monetary policy to stimulate the slowing economy and the government announced a massive infrastructure project to build a modern Silk Road to Europe and Africa.

Additionally, Chinese officials announced ambitious plans to upgrade the country’s infrastructure to connect the economy with the rest of Asia, Africa, the Middle East and Europe through roads, railways, ports and other projects.

Chinese President Xi Jinping said he expected the “One Belt, One Road” initiative, part of the Silk Road trade-promotion plan, to bolster trade between China and economies involved to over $2.5 trillion, MarketWatch reports.